End of Year Bead Bargains
Around this time of year, you’ll see a lot of bead and jewelry making suppliers with wonderful sales. In a way, that’s great news, especially for the hobbiest. However, in another way, for those who do this for a business, it can be tough.
Here’s the thing - when you do your taxes later on next year, you are going have to fill out a form that asks for your end of the year inventory. The higher your inventory at the end of the year, the more taxes you’ll end of up paying.
I’m not saying not to take advantage of all the sales going on right now - like I said, for those who don’t do this as a business now is the time to buy and stock up - but for those who are running a business, check your inventory before you decide to pluck down your mulla because it can bite you in the you-know-what come tax time.
Tags: jewelry_business
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POSTED IN: Jewelry Business Tips
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